5935-5937 Taft St

This portfolio consists of two prime land parcels situated just south of State Road 441 in the vibrant city of Hollywood, Florida. These parcels encompass two single-story buildings currently utilized for office, retail (housing a nail salon), and residential purposes, effectively showcasing the property's versatility and adaptability for a wide range of development and usage scenarios.The property benefits from a coveted zoning designation known as CENTRAL MIXED-USE DISTRICT (C-MU), a distinction that confers expansive development rights to the owner. This zoning category has been meticulouslydesigned to foster the growth and development of Hollywood's thriving 441 corridor.Noteworthy developments in the immediate vicinity further underscore the immense potential of this property. Pinnacle 441, phase 1, a contemporary mixed-use development located just half a mile away at the intersection of Johnson and 441, boasts 113 units of housing and 6,760 square feet of commercial space and is nearing completion. In addition, Memorial Healthcare Systems has recently acquired two adjacent parcels at the corner of Hollywood Boulevard and State Road 7, with intentions of establishing a health and wellness hub that will serve the community. These developments are emblematic of the ongoing revitalization of the 441 corridor, characterized by rezoning initiatives aimed at promoting mixed-use projects, increased density, and diverse usage opportunities.

Highlights:Zoning Potential: The C-MU zoning designation offers a wide spectrum of development possibilities, encompassing both commercial and residential usage. This flexibility positions the property as an ideal canvas for a myriad of business ventures.Strategic Location: Situated in close proximity to State Road 441, the property boasts exceptional visibility and accessibility. This major thoroughfare is renowned for its substantial traffic flow, ensuring maximum exposure for any business operating in this locale.Investment Potential: Hollywood, Florida, is currently undergoing a remarkable phase of growth and development, rendering it a highly desirable destination for real estate investment. Coupled with the advantageous CMUzoning and prime location, this property presents an outstanding opportunity for long-term capital appreciation.Versatile Usage: The C-MU zoning accommodates a diverse array of applications, including but not limited to retail, office spaces, multifamily residential developments, and more. Such versatility empowers investors to tailor the property to their specific business requirements.Surrounding Amenities: The property is enveloped by an array of amenities, comprising shopping centers, dining establishments, educational institutions, and recreational facilities. This extensive amenity network enhances the property's appeal to both businesses and residents alike.Competitive Pricing: We believe that the property's pricing is highly competitive at $1.5M  considering its strategic location and zoning potential. We are open to discussing pricing options and terms that align with your investment objectives.

I would be happy to furnish you with additional information about this exceptional property, coordinate a site visit at your convenience, or address any queries and concerns you may have. This represents a rare opportunity to acquire a property endowed with advantageous zoning and a great  location in the heart of Hollywood, Florida."